Trade finance / loans in Dubai, Abu-Dhabi and other emirates of UAE

Trade finance / loans in Dubai, Abu-Dhabi and other emirates of UAE – Dubai historically is the trading city with the presence of huge number of local and international trading companies. Therefore banks in UAE know well and understand the specifics of trade finance / loans and, if you have the required track record in your bank, the bank is ready to provide you the required trade finance.

It is necessary to outline that, after the world financial crisis, all international banks including the banks in UAE do evaluate more carefully the business core, its stability and experience of its owners and management in the given area whereby at the earlier times the trade finance approach was more formalized and standardized.

UAE banks provide the following main types of trade finance and instruments of protection within trading activities:

Bank Guarantees

Standby Letter of Credit

Letters of Credit

Finance against Trust Receipt, i.e. LC

Document against Payment

Document against Acceptance

Trade Finance – is the paramount factor for the successful business of any export-import company. In combination with the instruments of the documentary – trade financing it is the effective, adaptive and favorable mechanism for the development of foreign trade business of the company.

Working with sound and large UAE banks the trading companies have the option to effectively solve the tasks of optimization of the utilization of the own funds, protection from risks within trading operations as well as receive the advantages of the presence in the dynamically growing region of the Persian Gulf.